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Stephen
M. R. Covey
Stephen M. R. Covey is Co-founder and CEO of
CoveyLink. He is the former CEO of Covey Leadership Center. A
Harvard MBA he joined Covey Leadership Center as a client
developer and quickly became national sales manager and then
President and CEO.
Under Covey’s leadership they created and executed a vision
of CLC becoming the premier leadership development firm in the
world. CLC expanded throughout the world into over 40 countries
greatly increasing the value of the brand and company.
During his tenure as CEO, his attention on creating value for
customers nearly doubled revenue to $112 million, and his focus
on execution increased profits over 1200%. He significantly
increased the company’s free cash flow and turned around an
upside-down balance sheet. When Covey took over as CEO, the
company was debt-laden and valued at only $2.4 million; within 3
years the value increased to $160 million in a merger he
orchestrated with then Franklin Quest to form FranklinCovey.
After the merger Covey led the Organizational Business Unit of
the new enterprise to the highest profit and revenue performance
achieved since the merger in 1997.
Over the years, Stephen M. R. Covey has gained considerable
respect and influence with the executives of Fortune 500
companies as well as mid-and small-sized organizations he
consulted. Prior to becoming CEO he personally led consulting
teams that implemented principle-centered leadership in numerous
clients including the Saturn division of General Motors,
Pepsi-Co, Marriott International, Conoco, Du Pont, Cummins
Engine, Eli Lilly, Shell, Occidental Petroleum and many others.
Covey currently serves on the board or advisory board of six
companies, including LGE Performance Systems—creators of The
Power of Full Engagement and the Corporate Athlete
Training System—where he serves as Advisory Board
Chairman. His new book Business at the Speed of Trust
is expected to be released in late 2005.
He and Link together were responsible for the branding strategy
that led Stephen R. Covey to join Oprah Winfrey, Bill Gates and
others as one of Time Magazine’s most influential Americans.
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